América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.57.
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 26th. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. UBS Group upped their price objective on América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and lifted their target price for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st.
Read Our Latest Report on América Móvil
Institutional Investors Weigh In On América Móvil
América Móvil Trading Up 2.9 %
AMX opened at $18.26 on Thursday. The company’s 50 day moving average is $18.59 and its 200-day moving average is $18.06. The company has a market cap of $57.06 billion, a P/E ratio of 13.63, a PEG ratio of 1.20 and a beta of 0.98. América Móvil has a 1-year low of $15.99 and a 1-year high of $23.07. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.
América Móvil (NYSE:AMX – Get Free Report) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. Equities research analysts predict that América Móvil will post 1.56 earnings per share for the current fiscal year.
About América Móvil
América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.
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